I am amused that we have made a new ATH of $29,700 and no one seems to have noticed. Including myself.
I think there are a few people that now have made serious $ or should I say serious
Maybe 100+ coins
They may have decided to back off on posting like mad.
I think there are some in the 10-50 coin in holdings that now are Maybe I should shut up as my 290k to 1450k could get me hurt.
So posters with 0.5-10 coins may still be posting a lot. As they really need BTC to move to 100k or more
before they think they have decent money.
The thing is that "decent money" is very subjective. And while somebody's goal is $1m there are peeps who have that amount in fiat and its a not big deal for them. So they're just waiting until their 50 coins will cost say $25m... that would be a life-changing money for them...
I member that early on when Mindrust was reestablishing an apparent sat stackening strategy in 2018 and 2019, his initial goal was ONLY that his wealth reach a level in the ballpark of $500k, and he proclaimed that he had pretty modest requirements and goals - but then it seemed like later - maybe late 2019 and even 2020, he started to assert that his goals were higher. Of course, it is hard to be clear about this, but it can be reasonable that guys (and gal) are going to change some of their goals from time to time. and even have to be forced into changing their goals - especially after some of the revelations that we had through 2020 in respects to the ongoing dilution of fiat - that might likely cause a lot of people to conclude that they need a lot more value than they had previously considered to be sufficient or more than sufficient.. now the perceptions of those levels of "sufficiency" has likely been undermined by the happening of happenings in this past year.
But, to tell you the truth, I could see that some folks who live in parts of the world in which the costs are NOT as high, a half a million might be enough.. I personally had considered $2million to be sufficient on a kind of wider spread basis.. even though it surely might be an entry point for a lot of peeps...
We have also found out that people have differing ways of calculating what is enough -based on if they believe the asset will appreciate, depreciate or hold its value and also based on if they are planning to delve into the principle or merely attempt to live off the projected appreciation of the asset (to the extent that the asset might depreciate)... I have some of my own calculations on those topics, too.. that I have shared from time to time, and am not opposed towards continuing to share to the extent that anyone wants to take the discussion further in that direction.
New ATH's reached as I am typing this post... observing $29,754...